Example: Use Case

Let’s assume that you have a Meals Expense and seeing a trend of it in for the current year, you notice that this account has a high\low value as compared to prior quarter and you feel that you would like to investigate.

Now, without the Tax Automation Trace feature:

• You will go to Tax Automation form and note down the source Account, Movement, Multi-GAAP, Intercompany, and Scenario members
• You will then need all the remaining dimension members (DataSource, Jurisdiction etc) to find out the value stored at the source intersection
• Once you has these, you will generate grid/form to find out the source data and compare it with the target value
• If you are unable to find out source data or source values matching to target you will raise a service request asking for a solution

But, with the Tax Automation Trace feature:

• You navigate to Tax Automation Trace form by using ‘Automated Trace’ action menu or right click on cell to open the Current Provision Trace form.

  

  

• On the Trace form you must run business rule Trace for Tax Automation.

  

• On completion it will generate amount stored at source along with the source POV.
• You can now compare the source and target value side by side in a single form that is, Trace(source) vs Automated(target).
• You can look into Trace detail which shows Logic applied, Percentage of source amount and Source POV.

  

• If any issues are identified in the Trace information you can go to Tax Automation form and correct the mappings.